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$203,000

NAL Estimated Property Value

1515 Lake Rd, La Marque, TX, 77568

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.85 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size9,592 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3968-0000-0009-001
Lot NumberK
SubdivisionHighlands Sec 7
Land UseResidential
Legal DescriptionABST 150 J D MOORE SUR LOTS L,M & S 13.5 FT OF LOT K (9-1) THE HIGHLANDS SEC 7
Census Tract722900
Assessed Land Value$14,280
Assessed Improvement Value$175,720
Assessment Year2025

About this property

Welcome to 1515 Lake Road! this is the Perfect location; just minutes from Interstate 45 with seamless access to Galveston, Houston and surrounding areas. This fully bricked home boasts 4 nicely sized rooms, two living areas, 2 car attached garage and a fully fenced in yard. Fresh paint, new flooring, 2023 heater/2024 AC condenser;2023 water heater, and updated restrooms are just a few of the highlights. With sufficient space for everyone, this just may be "THE ONE" you've been looking for. Schedule a showing today. Call agent for details because this may not last long. (Income requirements are 3X the monthly rent, no evictions, no criminal history, NO smoking, pets on case by case basis).

Investor Tools

Property Icon
$203,000
Estimated Property Value
$136,934Estimated Mortgage Balance
$66,066Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,218 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,982
$190,000
2025
$14,280
$175,720
$190,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,982
$190,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ally Bank
Conventional
$142,500
No
First
Mar 28, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,934
$68,066
33%
67%
$855/mo

City: La Marque

1515 Lake Rd | Property Details | No Agent List